Energy industry

UK’s smart meter targets leaving energy users short-changed, says Martin Lewis

Energy customers are being short-changed by “perverse” government targets to install electronic smart meters in homes across the UK, according to the consumer campaigner Martin Lewis.Lewis, the founder and...

Oil demand growing at slowest rate since height of pandemic, says IEA

The world’s demand for oil is growing at its slowest pace since the height of the Covid-19 pandemic,...

Grangemouth oil refinery to close by end of June, putting 500 jobs at risk

The owners of the Grangemouth oil refinery have confirmed it will shut by the end of June next...

BP extends use of AI in five-year deal with spy tech firm Palantir

The oil and gas supermajor BP is to use artificial intelligence to speed up the decision-making of its...

Oil firms vow to fight judicial review of North Sea oil and gas projects

Two of Europe’s biggest oil companies have vowed to fight two legal cases brought by environmental campaigners against...

Sanctioned Russian oligarchs allowed to invest in UK North Sea oil producer

The government faces growing criticism after a company backed by two sanctioned Russian oligarchs was allowed to become a part-owner of the UK’s largest...

Nice auction, but Ed Miliband is still a long way from his 2030 targets for offshore wind | Nils Pratley

It was a “record-setting auction” and “a significant step forward in our mission for clean power for 2030”, trumpeted the energy secretary, Ed Miliband,...

Renewable energy auction secures enough power for 11m UK homes

Great Britain’s renewable energy auction has secured enough new clean electricity projects to power 11m UK homes after the Labour government made record funding...

North Sea oil firm Neo slows investment amid windfall tax concerns

An oil and gas company has slowed down work on a large North Sea oilfield, citing uncertainty over the Labour government’s approach to fossil...

Shell to cut hundreds of jobs in oil and gas exploration operations

Shell is to cut hundreds of jobs from its oil and gas exploration operation in the latest move by the chief executive, Wael Sawan,...

After wood pellet reporting failures, it’s time for a proper review of Drax’s subsidies | Nils Pratley

A finding that you submitted dodgy data to the regulator on where your wood pellets come from sounds like very bad news if, like...